Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Morning,
Assuming nothing gets announced, what are the possible outcomes within the 6-month limbo?
To me, I only see two:
- A deal is made within 6-month and trading on AIM once conditions are met.
- No deal is made and the AIM shares get swapped 1:1 from ASX ones.
Without the ASX listing nor the cash in the bank, the 3rd option would have been for the AIM shares to become worthless and be voided but I don't believe this could happen. They would have to swap them for ASX ones, no?
Interested to hear your thoughts.
TITM
Limbo, delisting, you lose your shares.
The poms have been selling their shares their wouldnt be many left on the AIM anyway. Only 30% of the 530 million shares are retail and the ASX would hold many more share than the AIM London market would if De listed share would be sold only on the open market they cant be sold on the London market becaue their no listing code not listed anymore so this 1 AIM share for 1 ASX share would be a blood bath sale not 1 for 1 buy back .
That's the part I'm not getting.
I hold several investments in non-listed companies, so if they delist, they can't just cancel the shares, can they?
We would still hold shares but for a unlisted company no?
Was is RRL, who delisted few years back and the shares had been swapped for ASX ones?
This explains pretty much all those questions. I understand we would automatically receive the shares back- albeit for a pittance, not necessarily 1:1 with Aussies
sorry. meant to add that
https://www.nortonrosefulbright.com/en-gb/knowledge/publications/94734f5e/spacs-the-london-alternative
It's my understand that if you dont hold physical share certificates, when they delist you get nothing at all, no random matching allocation of shares on ASX, no payback of nominal amount in cash, nothing.
So no announcement on 25 Jan means another 6 months in Limbo correct ?
That's correct. I am pretty sure we will go into suspension as I can't see a rabbit being pulled out of the hat at the last minute.
I just don't see how they could wipe out the UK shares without converting them to ASX ones, should no deal happened in the next 6-month.
TITM
...so locked in then !
I have decided to sell and keep only a token holding in my ISA as I did not want to potentially lose the tax free wrapper.
I have also decreased the SIPP holding, locking in some profits.
Everything remaining in SIPP and ISA are in for the good, the bad or the ugly - Que sera, sera :)
I did the same last week. I don't like cliffhangers now. Fallen off the edge a few times including in here.
Same
sold half in SIPP , so will consider sticking it in bailie gifford american b fund acc - its done done 85 % since lock down. The another 1/2 in a SIPP - it can wait now till news in the next six months. shame, was banking on 2.5 3 p to get out. just a waiting game now....again !
then another 1/2 in a - meant ISA
2.5p was a sensible target.
These shares were part of a small risky bottom drawer of my SIPP and ISA so I reinvested them in similarly risky long-term stuff (AEX...).
The sensible part of the ISA is made of funds and as much as I don't hold the American b one, I hold both the Emerging market and the Global discovery from Baillie, which have been performed very well this year.
Now, I do most of my investments in non-listed companies for the tax benefits and the loss relief, etc.
HI, yep ive been in RMP since Puntland days, and I missed the boat on 3 occasions. But still, you never know, we call still see an announcement last minute, so a slim chance to buy back in this week if there is an RNS. But TBH, if t i reckon we are going to hear more in the the latter part of the Limbo. I still can't see a company purposely delisting, and there are many stressed opportunities at the moment - even for RMP, so Ill leave it in. Main chunk has been pulled tho, with little gain !
A little gain is better than a loss...
The Punland days... I was not in RMP then; only in RRL... Turned a a small amount into a significant 6-figure paper profit and then kept topping up on the way down... At least, my ex did not get the cash but it was a great lesson learned!
I have since realised that I was a gambler an not an investor; now, I have a very different approach :)
Anyway, I have re-invested all the cash from RMP so I will not jump back in. If it ends up rocketing, amazing, I will make a profit albeit significantly smaller but if RMP disappears, the portfolios won't be impacted.
Hi Mate and all,
IT's on after all...
Trading halt in ASX pending aquisition announcement.
Ann: Trading Halt
Release Date: 20/01/21 09:22
Summary: Trading Halt
Price Sensitive: Yes
The announcement content will be available in 15 minutes at 09:42
Morning Officer,
It will be interesting to see what the "potential" acquisition is and I look forward to see what will happen to my remaining stakes.
TITM